Which of the following statements is false?
A) Freight costs paid by the seller are debited to Delivery Expense.
B) Freight charges for goods shipped FOB destination are paid by the seller.
C) Freight charges for goods shipped FOB shipping point are paid by the purchaser.
D) Freight costs paid by the purchaser are debited to Delivery Expense.

Question

Quizplus · Accepted Answer

Freight costs paid by the purchaser are typically debited to Inventory or Freight-In, not Delivery Expense.

Which of the Following Statements Is False